40:37A-77 - Sale, lease, loan, grant or conveyance of, or permit to use, real or personal property of county or municipality - New Jersey Statutes

40:37A-77.  Sale, lease, loan, grant or conveyance of, or permit to use, real or personal property of county or municipality
    Any county by resolution of its governing body, municipality by ordinance of  its governing body, governmental unit or person is hereby empowered, without  any referendum or public or competitive bidding, to sell, lease, lend, grant or  convey to an authority, or to permit an authority to use, maintain or operate  as part of any public facility, any real or personal property which may be  necessary or useful and convenient for the purposes of the authority and  accepted by the authority.  Any such sale, lease, loan, grant, conveyance or  permit may be made or given with or without consideration and for a specified  or an unlimited period of time and under any agreement and on any terms and  conditions which may be approved by such county, municipality, governmental  unit or person and which may be agreed to by the authority in conformity with  its contracts with the holders of any bonds.  Subject to any such contracts  with the holders of bonds, the authority may enter into and perform any and all agreements with respect to property so purchased, leased, borrowed, received or  accepted by it, including agreements for the assumption of principal or interest or both of indebtedness of such county, municipality, governmental unit or person or of any mortgage or lien existing with respect to such property or for the operation and maintenance of such property as part of any  public facility.

     L.1960, c. 183, p. 752, s. 34, eff. Jan. 18, 1961.